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Bitget restores $300M fund after absorbing $388M security breach

Bitget has restored a $300 million fund following a $388 million security breach, according to a report by CryptoSlate. The backstop is separate from customer reserves and claims will be subject to Bitget's assessment as withdrawals reopen in phases.

Bitget restores $300M fund after absorbing $388M security breach
Image: CryptoSlate

Bitget has restored a $300 million fund following a $388 million security breach, according to a report by CryptoSlate. The backstop is separate from customer reserves and claims will be subject to Bitget's assessment as withdrawals reopen in phases.

Sources

  • CryptoSlate — Bitget restores $300M fund after absorbing $388M security breach

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